The Trump administration temporarily lifted sanctions on Russian oil “stranded at sea” Thursday in an effort to contain skyrocketing energy prices due to Iranian threats against tanker ships.

The United States did not extend a sanctions exemption that had allowed the sale of some Russian oil, stepping back from a contentious plan to try and contain global crude prices that was also providing an economic windfall to Moscow.

US Treasury Secretary Scott Bessent announced that President Trump’s administration on Friday granted a 30‑day sanctions waiver allowing the purchase of Iranian oil at sea. The goal is to ease pressure on energy supplies since the outbreak of the American‑Israeli war on Iran.

The Trump administration is lifting sanctions on Russian oil to counter Iran’s stranglehold on Middle Eastern energy. The U.

The US has issued a 30-day waiver allowing the delivery and sale of Iranian oil already at sea, aiming to stabilise global markets amid the Middle East conflict.

Moscow on Friday urged the United States to lift more sanctions on its oil exports to stabilise the global energy markets, upended by the war in the Middle East.

The Trump administration is temporarily lifting longstanding sanctions banning the “sale, delivery, or offloading of crude oil or petroleum products of Iranian origin” for the next month in hopes of curbing the meteoric rise in oil prices. The ...